# CAKE MORTGAGE CORP.

> **Canonical URL:** https://saferate.com/lenders/cake-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


CAKE MORTGAGE CORP. is a independent mortgage company, headquartered in IRVINE, CA, serving borrowers across 35 states, with 715 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 90% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 59% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 5493000EUC3MM52PJV85
- **Headquarters:** IRVINE, CA
- **Geographic Reach:** Near-National
- **States Served:** 35
- **State List:** AL, AZ, CA, CO, CT, FL, GA, ID, IL, IN, KS, LA, MA, MD, MI, MO, MT, NC, ND, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV
- **Markets (MSAs):** 11
- **Primary Channel:** wholesale
- **Direct Origination:** 3.4%
- **Brokered/Wholesale:** 96.6%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 10/100
- Rating: ●○○○○ (1/5)

### Pull Through: Sound ☺️
- Score: 41/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.997%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,201
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 715
- **Dollar Volume:** $476 million
- **Applications Received:** 1,606
- **Market Share:** 2.00%

## Typical Borrower Profile

- **Average Loan Amount:** $665,350
- **Average Borrower Income:** $431,315
- **Average Property Value:** $1,087,783

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 54/100 | 487 | +1.124% | $4,549 | Sound ☺️ |
| FHA | 59/100 | 76 | +0.547% | $4,043 | Sound ☺️ |
| VA | 42/100 | 22 | +0.336% | $3,248 | Sound ☺️ |
| Jumbo | 79/100 | 130 | +1.195% | $3,043 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 284 loans, Score: 49/100 (Sound)
- Refinance: 203 loans, Score: 65/100 (Strong)

**FHA:**
- Purchase: 52 loans, Score: 58/100 (Sound)
- Refinance: 24 loans, Score: 46/100 (Sound)

**Jumbo:**
- Purchase: 79 loans, Score: 78/100 (Strong)
- Refinance: 51 loans, Score: 83/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 52/100 | 434 | $301M | +0.988% | Sound ☺️ |
| Refinance | 66/100 | 281 | $175M | +1.017% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 410 | 0.14% | 73/100 |
| FL | 90 | 0.03% | 57/100 |
| TX | 28 | 0.01% | 44/100 |
| NV | 22 | 0.05% | 49/100 |
| NJ | 20 | 0.02% | 46/100 |
| GA | 18 | 0.01% | 43/100 |
| WA | 18 | 0.02% | 45/100 |
| AZ | 16 | 0.02% | 43/100 |
| SC | 13 | 0.02% | 41/100 |
| MD | 10 | 0.01% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Los Angeles | CA | 277 | 80/100 |
| Riverside | CA | 45 | 57/100 |
| Miami | FL | 24 | 51/100 |
| Non |  | 23 | 29/100 |
| Anaheim | CA | 21 | 50/100 |
| Las Vegas | NV | 19 | 48/100 |
| San Diego | CA | 14 | 44/100 |
| Orlando | FL | 12 | 41/100 |
| Phoenix | AZ | 12 | 40/100 |
| Fort Lauderdale | FL | 11 | 42/100 |
| West Palm Beach | FL | 10 | 41/100 |

## Frequently Asked Questions

### What loan types does CAKE MORTGAGE CORP. offer?

CAKE MORTGAGE CORP. offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does CAKE MORTGAGE CORP. offer mortgages?

CAKE MORTGAGE CORP. offers mortgages in 35 states: AL, AZ, CA, CO, CT, FL, GA, ID, IL, IN, KS, LA, MA, MD, MI, MO, MT, NC, ND, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV.

### How competitive are CAKE MORTGAGE CORP.'s mortgage rates?

CAKE MORTGAGE CORP. has a pricing score of 10/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.997% above market average.

### What type of lender is CAKE MORTGAGE CORP.?

CAKE MORTGAGE CORP. is a non-depository lender that specializes in mortgage origination, headquartered in IRVINE, CA.

### What is CAKE MORTGAGE CORP.'s loan approval success rate?

CAKE MORTGAGE CORP. has a pull-through score of 41/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/cake-mortgage

### How to Cite

> "CAKE MORTGAGE CORP. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/cake-mortgage

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